"As can happen with investment trust votes on reorganisation, Atlantis Japan Growth (AJG.L) did not gain enough votes Thursday 1st April to implement the changes to its capital structure and change of unit of quotation to GBP from USD.

"!Unsure what will happen next. They may either seek another vote and canvass large shareholders to vote in favour, or alternatively stay as they are with the fx trade irritant for UK holders wishing to trade on best terms."

David Fuller's view Thanks so much for the update.

I have mentioned AJG on several occasions in recent weeks and opened a small long trade in this investment trust last Thursday. There are many fund vehicles for those of us who are interested in Japan but AJG appealed to me because of its discount to net asset value, which has narrowed slightly to 13.25% according to the latest information shown on Bloomberg. There is a good chance that the Japanese stock market and AJG could pull back and consolidate recent gains before moving higher, especially if the yen, shown as JPY/USD (weekly & daily), also extends today's steadier action during a temporary rebound.